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Sunday, September 1, 2013

The Utica turns 3

Considering that the first Utica permit was issued by the Ohio Department of Natural Resources on 9/28/2010 the boom is in its infancy but in that short span of three years the ODNR has permitted 487 wells. Chesapeake Energy and its subsidiaries is the dominant player in the Ohio Utica play, with 320 of all wells permitted, followed by Gulfport Energy with 25, Enervest and HG Energy with 16, and Hess Ohio with 14 permitted wells. The boom is centered in Carroll County where there is one well permitted for every 163 residents, compared to 7,057 residents for the remaining top 10 counties.

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